Tuesday, October 30, 2012

DailyMarkets.com - RBOB Rallies Behind Sandy

DailyMarkets.com - RBOB Rallies Behind Sandy


RBOB Rallies Behind Sandy

Posted: 30 Oct 2012 08:17 AM PDT

Tuesday, October 30, 2012
The RBOB contract has risen in anticipation of tighter supplies due to super storm Sandy ravaging the Northeastern seaboard. Tight supplies, however, may only be temporary, as the petroleum market is well supplied and the storm has not affected major refining areas. Technically, the recent jump in prices has not caused a shift in direction. Traders will likely want to continue to monitor the fallout from Sandy.
Fundamentals
RBOB futures for the month of November are … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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